Saturn PLC reported earnings before interest and taxes of $12,400 for the year ending on December 31, 2020, and the corporate tax rate was 30%. Account balances are summarized in the table below. What is the net profit to sales ratio? SELECT ONLY ONE 14% Account Turnover Sales discounts Amount $46,500 $1,500 Closing inventory $6,550 Purchases $74,600 Discount received $2,400 Interest expense $2,340 15% 23% 24%